1. 1 Metropolitan Council Proposed 2008-2013 Capital Improvement Program And 2008 Authorized Capital Program/Budget October 10, 2007

2. 2 Metropolitan Council Introduction –Tom Weaver Overview / Fiscal Impact –Beth Widstrom-Anderson Transit –Ed Petrie / Amy Vennewitz Environmental Services –Bill Moore Parks –Guy Peterson

3. 3 Principles  Capital program is balanced  Expenses constrained by anticipated resources  Unfunded needs are not included  Preservation of existing infrastructure is a priority  Property taxes limited to keep property tax impact on typical taxpayer flat (1% growth)

4. 4 2008 Capital Program Schedule Council Overview Presentation Oct 10 Adoption of Public Hearing Draft Oct 10 Public Comment Period Oct 11-Nov 13 Public Hearing Nov 14 Final Adoption Dec 12

5. 5 Components of Capital Program Capital Improvement Program (CIP)  Forward Looking – Six Year Plan  Constrained by Anticipated Funding  Policy Driven Authorized Capital Program (ACP)  Active and To Be Started  Total Project Costs for all Approved Projects  Historical and Future Capital budget  One year cash flow

6. 6 Components of Capital Program 2008-2013 Capital Improvement Program (CIP) – $2.911 B 2008 Authorized Capital Program (ACP) - $2.388 B 2008 Capital Budget – $361.3 M Future Years Prior Years Prior to 2008 2008 2009-2013 2008 2008

7. 7 Capital improvement program (CIP) $2.911 Billion  $ 874 million is currently authorized  $ 2.037 billion is planned but not currently authorized  $ 1 billion to preserve existing regional investments

8. 8 2008 - 2013 Capital Investments Uses = $2.911 Billion

9. 9 2008 - 2013 Capital Investments Sources = $2.911 Billion $1.27 B

10. 10 Debt Issuance Issued as needed to meet cash-flow Annual Levies managed

11. 11 2008 Authorized Capital Program Proposed Multi-Year Spending Authority

12. 12 Proposed 2008 Capital Budget Expenditures Authorized in 2008

13. 13 Fiscal Impact Impact of unified capital program on the region’s ability to pay Indicators Regional debt as percent of market value Regional taxes and user fees as percent of regional income Regional taxes and user fees on $250,000 residential homestead

14. 14 2002 - 2013 Outstanding Debt as Percent of Market Value 0.326% 0.316%

15. 15 2002 - 2013 Taxes and User Fees as Percent of Regional Income *2002 transition to MVET transit funding 0.176% 0.159%

16. 16 2002 - 2013 Taxes and User Fees on $250,000 Residential Homestead* (In Constant 2007 Dollars) *Home in transit taxing district and sewer service district $152.77 $146.84